Founders: Dan Garrett, Tom Rogers
Keywords: online wills, probate, financial planning, inheritance, wealth transfer
Who is it for: Individuals who need a simple will / probate services
Total funding: £8M
Latest funding: £7.5M, Venture round, Jan 2019 - Augmentum
HQ: UK, London
“Protecting family assets by making personal wills digital and affordable.”
Over 30 million people in the UK do not currently have a will, according to Farewill, who estimate £1Trn expected to pass between generations in the next few years.
Farewill is a digital, all-in-one financial and legal services platform for dealing with death and after-death services (including probate and wealth transfer). It aims to be the first major consumer brand in death services. The service now writes 1 in 30 wills in the UK, and is forecast to write 1 in 10 by end 2019. The business currently has 50 charity partners including Cancer Research UK and Macmillan Cancer and has raised £100M+ for charity.
A $7.5M capital raise in January 2019 saw further investments from Augmentum Fintech, Taavet Hinrikus of Transferwise, and Tracy Terrill ex CTO of LegalZoom.